Hey Roni..Student loan rehab help!

Discussion in 'Credit Talk' started by ss2744, Nov 28, 2001.

  1. ss2744

    ss2744 Member

    Hey Roni.

    I spoke with my student loan lenders and they said I can only rehab my loans if they were past 270 days "aka" defaulted...the latest mine were was 180 days..How can I approach them about letting me rehab the lates and getting my Credit report entries cleaned up. I have been back on track for about ten months....any suggestions?

    Thanks

    S.
     
  2. roni

    roni Well-Known Member

    Just ask the lender if they will be nice and help you by vol removing the lates. They're right, until a student loan is defaulted, the Higher Education Act provides no protection to rehab.


    Don't believe me? Read the law....
     
  3. cjd

    cjd Active Member

    You are definately right Bkev.

    I am in a similiar situation (except it's only a 30 day late and I've made on time payments for over 2 years) and EFS services wouldn't do anything about it.
     
  4. roni

    roni Well-Known Member

    I rehabbed lates. The loan was never reported defaulted on my credit report. I guess my college and the lender didnt know the laws which was to my benefit. Sorry, if I have steered anyone wrong.
     
  5. ss2744

    ss2744 Member

    Thanks for the good info Roni....it "Did" help.
    I knew the law, I just was curious about your experience.

    Thanks again.

    S.
     

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